NewStats: 3,265,234 , 8,186,086 topics. Date: Saturday, 14 June 2025 at 12:52 AM 5d4k4b

Agency freezes $500m found in one

£600,000 wristwatch ‘seized from Diezani’

FACTS & figures

$12.9b •The fresh arms cash fraud uncovered by EFCC investigators

N2.6b •Cost of an MRI machine ‘seized from former Chief of Air Staff Adesola Amosu’

£600,000 •The worth of a wristwatch ‘seized from Mrs Alison-Madueke’

N2.3b •Part of the cash reportedly recovered from Amosu’s wife

The Economic and Financial Crimes Commission (EFCC) has uncovered $12.9billion more arms deals fraud during the istration of ex-President Goodluck Jonathan, it was learnt yesterday.

The development has brought arms funds, which were diverted to other uses, to $15billion as the initial probe covered only $2.1billion.

As part of the ongoing investigation of the arms deals, the EFCC yesterday froze an with $500million. The owner of the was not immediately known.

The anti-graft commission has seized houses from a former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke.

Besides, a wrist watch worth £600,000 and jewelry in gold and diamond have been confiscated from Mrs Alison-Madueke, a source said.

These details are contained in an update on the ongoing investigation of the arms deals by the Office of the National Security Adviser (ONSA) under the former NSA, Col. Sambo Dasuki (rtd).

There are indications that many military officers may be questioned.

A source, who spoke in confidence on the investigation, said: “From our findings so far, the amount involved in the arms deals was over $15billion. The $2.1billion which you have written so much about is just one transaction into an in the First Bank of Nigeria in New York.

“They moved the money into the FBN from where they were disbursing and re-routing the cash. Our priority is to recover these funds but we will still prosecute the individuals and companies involved.

“Most of these companies were incorporated by serving military officers and these officers were the sole signatories into the s of these companies.

“All these suspects are not showing remorse, they think that they can go away with the fraud but we won’t allow them.

“Yet when we interrogate them, you see them wearing pampers and cannot stand or walk in public for a long time. Then, you are tempted to ask why they have to steal all these funds meant for public projects.

“The Trauma Centre at the National Hospital with a helipad was built with N1.8billion; you can imagine how many of such centres and schools these looted funds can provide.”

The source also explained that the EFCC yesterday intercepted about $500million in an and blocked it.

The source added: “Just some few hours ago, our investigators today (Tuesday) blocked an with about $500million. We are already looking at all clues on how the cash was wired.

“What we have recovered in just one year is more than the total recovery by the EFCC since inception. There was huge looting which will affect the coming generation if the funds are not recovered.”

The source gave insights into the probe of a former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke and businessman Jide Omokore.

”We have seized many houses belonging to Diezani and Omokore on Banana Island and other places. Also, a wristwatch of about £1.4million was seized from Omokore’s wife.

“From the former minister, we have retrieved a choice wrist watch worth £600,000 and jewelry in gold and diamond. We will soon show Nigerians all these items for them to appreciate what we have done and to learn some lessons.”

He explained that at the time the wrist watches were seized, the price tags were there.

EFCC seizes N2.6b MRI machine from ex-Chief of Air Staff Amosu

The Economic and Financial Crimes Commission (EFCC) has seized a N2.6billion Magnetic Resonance Imaging (MRI) machine from the Diagnostic Centre owned by a former Chief of Air Staff, Air Marshal Adesola Amosu.

The anti-graft agency discovered that the MRI machine was bought with some of the funds meant for arms purchase.

The investigators claimed that while Amosu’s Diagnostic Centre has MRI equipment, none of the Air Force clinics nationwide could boast of such a state-of-the-art equipment.

Also, there were indications last night that a former Chief of Defence Staff, Air Chief Marshal Alex Badeh may automatically forfeit the controversial $1million(N318m) found in his house to the Federal Government.

Badeh, through his lawyer, Samuel O. Zibri (SAN) disowned ownership of the money.

According to EFCC investigation, some of the arms funds allegedly diverted by Amosu, were used to buy the MRI machine for the Diagnostic Centre.

MRI is a non-invasive medical test that physicians use to diagnose and treat medical conditions.

It was learnt that the centre might be confiscated by the government.

A top source in the EFCC said: “After thorough investigations, we have seized a MRI equipment of about N2.6billion from Amosu’s Diagnostic Centre. We were able to trace the purchase of the machine to some of the diverted funds meant for procurement of arms.

“We may also place the centre under temporary asset forfeiture pending the conclusion of the trial of the suspect.

“All these assets are apart from the N2.3billion, houses, $140,000 and N381m recovered from Amosu’s wife.”

Responding to a question, the source added: “The ex-Chief of Air Staff is still under investigation along with some military officers. We have not cleared him.”

Former Chief of Defence Staff, Air Chief Marshal Badeh may automatically forfeit the controversial $1million(N318m) found in his house to the Federal Government.

The EFCC source said: “We retrieved the cash from Badeh’s residence in Maitama District of Abuja and the operation was witnessed by his neighbours.

“Now that he has denied having such, the cash will be automatically forfeited to the Federal Government.”

Badeh, through his lawyer, Samuel O. Zibri (SAN) disowned claims that the money was recovered from his home.

Zibri said: “Our attention has been drawn to a publication of March 7th 2016 to the effect that the sum of $1,000,000(One Million US Dollars) cash was recovered in the house of Air Chief Marshal A.S Badeh (Rtd). The said publication is not only malicious but wicked.

“It is totally false and smacks of media campaign of calumny against the person of Air Marshal Alex. Badeh (Rtd) The ten (10) count charge against our client along with the proof of evidence in the Federal High Court are public documents and can be accessed by the general public.

“There is no such allegation and we challenge the faceless EFCC official to substantiate his claim. The Trial has commenced and as a law abiding citizen our client will defend himself in accordance with the law.”

http://thenationonlineng.net/efcc-uncovers-12-9b-fraud-arms-deals-probe/

Coughs*** clears throat# Confused set of clowns

Coughs*** clears throat......awon werey

I just dey laugh.

More lies to distract people from the incompetence of this istration.

They keep uncovering and recovering, but at the same time still borrowing to finance the budget of fraud. It's like saying your debtors paid their debts of 100,000, but you're still borrowing 20,000 to buy a phone. Isn't that stupidity??

Buhari dullard even said some months back that they don't have any evidence against this woman.

coming from Tinubu's newspaper - the nations

Lying propagandists.

Efcc is now a media joke. How much has this paper Efcc recovered so far or amount of people jailed? same propaganda that brought APC and Buhari to power still powers Efcc.

Which country in the world can survive the mess Jonathan plagued this country, huh?

Fulani herdsmen

Well cooked up chow served hot for the gullible APC zombies..

Return our yams Nigerian are hungry.

How much can be stolen?? CHAI!!

Expect the wailers to come in and spin it as a lie. Even though they claim to be suffering, not to have light, good roads and houses they will still their oppresors who steal them dry just to spite those who they hate.

All i can say is thank God we the sensible Nigerians voted Jonathan out & gave Buhari 100% of our votes. There can never be peace for the wicked because God answers prayers.

Is this another

Is this another distraction to channel out the focus of the citizens from demanding the dividends of democracy from this corny APC government. Are EFCC tell us the citizens to do what ? They should do their work in which they are paid for . Stop this shameful media persecutions. Who is the source ?

Jonathan is so dumb that he could not even recognised that the major legacy he left behind that he should have told them at New Jersey is CORRUPTION.

And NOI, Emefiele, Obanikoro, GEJ, and Sambo knew nothing about this?

@Modath how much dem transfer to you o?


If Pa Chukwudi44 and his co-travelers no chop part of this money, I swear dem dense 'Pa Jimoh'

Ok

Luckylife:
Is this another distraction to channel out the focus of the citizens from demanding the dividends of democracy from this corny APC government. Are EFCC tell us the citizens to do what ? They should do their work in which they are paid for . Stop this shameful media persecutions. Who is the source ?

Of course it is always a distraction or witch hunting, we now know better to than take posters like you serious, every stolen kobo must be paid back, thats the way it should be so stop posting trash on the social media, your nonsensical posts will not deter the EFCC from smoking your sponsors out of their rat hole.

989900B:
And NOI, Emefiele, Obanikoro, GEJ, and Sambo knew nothing about this?

@Mo how much dem transfer to you o?


If Pa Chukwudi44 and his co-travelers no chop part of this money, I swear dem dense 'Pa Jimoh'

See wetin dem give MO!! Dos fiful ain't loyal!!

With all these Buhari still run after china and world bank for loans

Liars. Stop distracting people from the real issue at hand which is FULANI TERRORISTS.

Fake news!

Diezani, EFCC is coming...


Brace yourself..

Kontinue

“What we have recovered in just one year is more than the total recovery by the EFCC since inception. There was huge looting which will affect the coming generation if the funds are not recovered.”.... A detailed list of what has been recovered so far and from who. will help a lot.

For me, the most unfortunate and demoralizing thing is knowing that you share the same nationality with unpatriotic defenders of these looters; defenders who are equally victims of the mind boggling looting.

What a shame!

...

Chai d same pipu
Kill am die kill am die

this is too much for just one istration.

may justice prevail
kudos to the EFCC

luk@dem up dia saying na distraction, witch hunting etc but not condeming the act itself and the actors been evil

Chai

Ahah..honestly this a heartless act. Devil living inside naija politicians since 19 God's know